Market News
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Qalaa Invests in East Africa Cargo as China Builds Rail Link
Posted on :Thursday , 22nd January 2015
Egyptian private-equity company Qalaa Holdings SAE is investing $70 million to accelerate the movement of rail cargo carried from East Africa’s busiest port, as it faces competition from a new Chinese-backed link.
Qalaa controls Rift Valley Railways Ltd., the operator of a railway built almost a century ago running from Kenya’s Mombasa port to neighboring Uganda.Tanzania: Hai District Launches Road Maintenance Second Phase
Posted on :Monday , 19th January 2015
Hai — HAI District has launched the second phase of road maintenance, this time around targeting Hai small town area that was elevated to the status recently.Hai District Commissioner (DC), Mr Novatus Makunga said that the ongoing work involves
major renovation of the . . .Kenya: Cement Production Rises As Construction Thrives
Posted on :Monday , 19th January 2015
Production of cement, a key construction material, surged past half a million tonnes last July as 11-month tally surpassed full-year figures for the previous two years, latest data show.A total of 500,428 tonnes were manufactured in the month, pushing total production by end of November to 5.21 million tonnes. This is far higher than the 5.06 million tonnes churned out in the whole of 201. . .
Kenya: Murang\'a Project to Give Nairobi 140 Million Litres of Water
Posted on :Monday , 19th January 2015
Nairobi — The construction of the World Bank-funded community water supply on the northern water collector tunnel is set to begin in February and will take about 40 months to be completed.Athi Water Service Board Chief Executive Officer
Malaquen Kenya signs Sh25 billion deal with Japan for Mombasa port expansion
Posted on :Saturday , 17th January 2015
Japan will on Friday advance to Kenya a Sh25 billion loan to fund the second phase of Mombasa port expansion.The money, to be given through the Japan Bank for International Corporation (JBIC), is earmarked for the construction of a new container terminal by reclamation of the West
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